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MBIE seeking feedback on rules for payment services

With innovations like digital wallets and payment apps rapidly transforming the New Zealand payments market, the Ministry of Business, Innovation and Employment (MBIE) is asking if the rules for payment services are still fit for purpose.

Section 5: Proposed fees and total charges for all registers

This section sets out the proposed fees given the level of cost to be recovered after levy revenue has been applied to each register. The tables within each subsection show what the total charge for specific register services would be, made up of proposed fees and applicable proposed levies.

Section 3: The basis for setting fees and levies

Proposed fees and levies are set to recover approximately $42 million annually, considering the proposed increase in budget and any forecast deficit.

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